Rochester, NY 8/19/2009 8:37:14 AM
Novartis AG NVS - Novartis AG Gaining the Market High
Novartis AG NVS
Novartis AG earnings hit $45.00 at closed market. The company stock has hit a 52-week fell of $33.34 and 52-week rose of $56.60. Novartis AG stock has been showing support around 44.30 and struggling in the 45.54 range. A Technical indicators show that the stock is continues to moving high.
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NVS appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 40 covered calls (NVS AH) for a net debit in the $39.00 area. That is also the break even stock price for this trade.
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